Accounting 0452 · IGCSE · Limited companies

Limited companies — practice question

The following figures were given for a limited company. non-current assets $35000 ordinary share capital $40000 5% debentures $10000 net current assets $30000 What amount of retained earnings was there?

  • A$15000
  • B$25000
  • C$55000
  • D$115000

Worked solution & mark scheme

This 1-mark question has a full step-by-step worked solution and mark scheme.

  • Full mark scheme, point by point
  • Step-by-step worked solution
  • Write your answer & get it marked instantly by AI